FSU naming rights...

https://floridastate.rivals.com/showmsg.asp?fid=1085&tid=179402654&mid=179402654&sid=1061&style=2

tallahasseejoe,
3/15

"Sawyer, I may be wrong but I'm guessing that the last $10MM gift received by FSU was either from Al Dunlap or DeVoe Moore. I think both have given in excess of $10MM. BTW, if the gift is all cash, it provides a boost of about $400k per year to one's budget. If the gift includes deferred elements, it's impact is substantially reduced. I agree, $10MM is probably more in line with receiving the naming rights into perpetuity for a program, a small department, or a facility at FSU, rather than a school or college.

From my perspective, a good fund raiser (like the donor) needs to really understand and believe in the impact that a major gift can make. I think Thrasher is well intended and he certainly resonates with the alumni base (much better than Barron), but I'm not sure yet if he's driven to make a difference. Time will tell. JOE"




Sawyer55

"joe,
Good info.

I don't believe either gave a single donation at $10 M or more to one single academic college.  Al's was closer to $5 Million.  Devoe's  was very large (believe much of it was deferred)....but mainly to athletics.


I do agree that $10 Million is a gray area....but as my original point makes.....FSU likely doesn't have a single one, so I am not sure FSU can scoff of such a gift......but that is splitting hairs.

Last I heard FSU was considering naming rights for the COB at $15 Million (originally heard $25 Million)....which shows you where FSU is at for naming rights at a large college."


jrfsu

"
Few major gifts ($100 thousand and up) are made in outright cash. Most are either paid over the course of a five year pledge or planned (estate) gifts that are realized when the donor dies. A few major gifts take an in-kind form, usually real estate or other real property. In kind gifts are typically donated with an understanding that the university will sell the property and keep the profit. But, some in kind gift, such as gifts of art, are accepted with a plan to keep.

Speaking of art.... many of the largest gifts to the "university" were to Ringling. Helga Wall-Apelt and Howard Tibbals quickly come to mind. The Wall Apelt gift and Tibbals second seven figure gift ironically occurred during TK's tenure. My reasonably informed understanding is that Wetherell didn't positively impact either.

The last big seven figure pledge I recall was William T. Hold's $5 million gift to the risk initiative in the College of Business (in 2011 or 2012). I'm sure a few planned gifts in that range (and perhaps above) have been booked the past few years though."


tallahasseejoe

"Dunlap's gift to name the Student Success Center was $10 million in 2007. Plus, he gave $5 million to assist in building the indoor practice facility. DeVoe gave what was announced as $25 million to fund scholarships (primarily athletic) in 2005, plus at least one other major gift of $5 million to endow the DeVoe Moore Center in Social Sciences.

$15 million is the figure set to name the new College of Business BUILDING. Something like $25 to $40 million is being asked to name the COLLEGE -- I don't recall the latest exact figure. It has changed over the last few years. JOE"